$71,300 Car Loan

What's the monthly payment on a $71,300 car?
$
$
%
Monthly payment = $1,294
Total yearly payments = $15,532
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,237
3.0% $1,263
4.0% $1,288
5.0% $1,314
6.0% $1,340
7.0% $1,366
8.0% $1,393
9.0% $1,419
10.0% $1,447
Payments by Amount Down
Down Monthly Payment
$0 $1,618
$2,000 $1,572
$5,000 $1,504
$8,000 $1,436
$10,000 $1,391
$15,000 $1,278
Payments by Loan Length
Length Payment
24 months $2,483
36 months $1,690
48 months $1,294
60 months $1,057
72 months $899
84 months $786

Can I afford a $71,300 car?

Is your salary enough to buy a $71,300 vehicle? A general rule of thumb for buying a car or truck is the 20 / 4 / 10 rule.

  • Make a down payment of at least 20% cash. For a $71,300 vehicle, this would mean saving up $14,260.
  • Pay back the loan in 4 years or less.
  • Don't spend more than 10% of your income on payments and insurance. Rough estimate: your annual income should be at least 2.5 times the purchase price. So to afford a car that costs $71,300, you would need to make at least $178,250 per year.